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Nov 16, 2012 6:00am EST
, problems in syria, israel, hamas, there's all of these different pockets of geopolitical tension really just basically offsetting the bearishness in the crude market. >> is it making your job more difficult trying to figure out which is going to be the most important factor? >> sure, yes, and the thing is that you have opec saying happy where prices are now, finally opec this balancing item of the crude market is finally happy with prices where they are, saying the market is well supplied and we have the influences netting themselves off here so i think if there wasn't this geopolitical tension we'd see prices ease. because it is here it's keeping things very murky. >> where would it ease for oil prices if the middle east issues were resolved, what do you think the fair price would be? >> well at the same time downside is limited. we got to the mid to high 70s and bounced like a trampoline from there. the global market needs to find 600,000 barrels a day, this day next year and the year after to keep up with lower demand. the price would be limited to the high 70s area. >> scott looks l
Nov 23, 2012 6:00am EST
last year, as well. that's about 700,000 barrels a day. yemen is largely off the market. syria is off the market. there's on oil from -- >> how much oil is off the market? >> over a billion barrels. >> mostly made up by the saudis. >> virtually all. they're doing -- >> but they have capacity? >> they claim to have capacity for -- >> they claim. always the big issue. >> if cyou come to no morning yu want to say show me. i think it's probably 11 1/2. not a lot. >> and the market really trades on that spare capacity. >> like inventory, sure. >> so to the extent extent saudi has more or lerss, oil prices would come down. >> absolutely. >> so you are predicting a commodity bear market. >> we're saying that the day when you can throw a dart at the dart board and look at any commodity and make money, those days are over. so just as in oil and u.s. natural gas even more so, so, too, in base metals and coal and we're almost -- almost wherever you look other than agriculture and gold which is a little special, supply is coming in faster than demand. >> part of the bull market was a portfolio sh
Nov 19, 2012 6:00am EST
they thought hamas would back down, clearly they haven't. this gets involved with syria so even though we don't have a blowup with iran this could explode out of control and the israelis have to make a decision. they recalled up 75,000 reserve is, more as to cool this thing down or something happens. what if this something has to happen, that will be uncontrollable. >> jeremy we thought the tensions between the middle east would be between israel and iran. this has people paying attention. >> this is a test from egypt and the change in government and they're saying i think hamas is saying how much support are we going to get from them? this is a test of the new middle east and how much support they get and we'll see. morsi is in a difficult place because the egyptian economy is not doing well. they need tourism, it's fallen completely down. the moderate elements in egypt are saying let's get on the economy here and the radical elements are saying support hamas, and this is going to be a real test of his leadership. >> this is the sort of situation that makes you think twice about your
Nov 5, 2012 6:00am EST
more indirectly. the middle east from syria to egypt. we don't know who our friends are and what the game is and europe. europe isn't fixed yet. europe is kicking the can down. they can't fix it without a devaluation of some kind. they can keep putting money into that. what does that mean to take the first one? the cliff. you need somebody who is a uniter and not a divider. this president proved that he's the class warfare divider. >> here's a cliff question. some people say that if romney wins, the good news is we won't hit the cliff at the end of the year. the bad news is we'll have uncertainty for nine months because we'll have to address the issue in the fall. is that a better outcome than if obama is in office? i don't know the answer. >> we need to bring people together. we need a uniter for that. we go to the regulatory wall that we talked about. we need somebody who understands the role of regulation in a capitalistic system. the president doesn't have the foggiest idea and he delegates that. >> it's more of the people he's given power to. >> because he doesn't have anything
Search Results 0 to 3 of about 4